Saving for Education 101: The 529 Plan
6:23
YouTubeMorningstar, Inc.
Saving for Education 101: The 529 Plan
Sitting down and figuring out how to pay for college one day in the distant but fast-approaching future can feel daunting. One often used option is a 529 savings plan. What is it? How does it work? And what are the strengths and limitations? What is a 529 Plan? 00:20 What are the tax benefits that come with a 529 Plan? 00:52 What exactly counts ...
2.6K viewsMay 27, 2021
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FAFSA Loans & 529 Plan Explained – College 101 (Part 15) 🎓💡 When planning for college, FAFSA is often the first thing parents think about but it’s not the only tool available. 📌 What is a 529 Plan? A tax-advantaged college savings plan that can be used for: ✔️ Tuition & fees ✔️ Room & board ✔️ Books & supplies ✔️ Required equipment 💡 Why 529 Plans Matter * Earnings grow tax-free when used for education * Owned by parents—not the student * Has less impact on FAFSA compared to student assets ⚠
FAFSA Loans & 529 Plan Explained – College 101 (Part 15) 🎓💡 When planning for college, FAFSA is often the first thing parents think about but it’s not the only tool available. 📌 What is a 529 Plan? A tax-advantaged college savings plan that can be used for: ✔️ Tuition & fees ✔️ Room & board ✔️ Books & supplies ✔️ Required equipment 💡 Why 529 Plans Matter * Earnings grow tax-free when used for education * Owned by parents—not the student * Has less impact on FAFSA compared to student assets ⚠
Facebook2 weeks ago
529 Plan: What It Is, How It Works, Pros and Cons
529 Plan: What It Is, How It Works, Pros and Cons
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